Illustration: David Rowe History will be made and $500 million in funds released to creditors when federal court judge Steven Rares approves a settlement between the liquidators of Lehman Bros Australia and its United States parent in Sydney on Friday. The federal court settlement is a tribute to the canny international legal tactics adopted by…
JOSEPH JOHNSON/FAIRFAX NZ Honeypot Cafe owner Brendan Alcock. Christchurch’s Honeypot Cafe has gone into liquidation for a second time, owing at least $250,000. Owners Brendan and Sophie Alcock took over the Colombo St cafe on August 7, 2013, after the previous company,running it went into liquidation. The couple, who were new to the hospitality industry,…
The Prime Ministers announcement on Monday 7 December of a National Innovation and Science Agenda is a welcome development. However, the challenge will be for the government to turnaround our National Innovation System (NIS) which has been steadily in decline for some time. As outlined in the Prime Ministers statement, Australia has many world class…
News Written by Emmy Mack on December 16, 2015 The promotion company responsible for New Zealands cancelled Echo Festival previously known as the McLaren Falls Music & Arts Festival has gone into voluntary liquidation. The promoters have issued the following statement on the events official website: After a long and what now seems pointless struggle it…
RICK DIAMOND/GETTY IMAGES The Flaming Lips were one of a number of international acts scheduled to perform at Echo Festival. Refunds for hundreds of Echo Festival ticket holders are in doubt after its promoter was put in liquidation. McLaren Falls Festival, the company behind music festival was placed in liquidation by its director Paxton Talbot…
The Australian operations of vitamin retailer GNC LiveWell have been placed in voluntary administration by parent company Osim International. GNC, which stands for General Nutrition Corporation, was founded in the United States in the 1930s and the brand is licensed in 49 countries. The brand sells vitamins, supplements and nutritional products, as well as sports,…
The company behind the failed McLaren Valley Festival that was originally due to take place in the Bay of Plenty next month have gone in to liquidation and it could spell bad news for those waiting for ticket refunds. Having called off the two-day festival scheduled for McLaren Falls Park in the Lower Kaimais citing…
The Prime Ministers announcement on Monday 7 December of a National Innovation and Science Agenda is a welcome development. However, the challenge will be for the government to turnaround our National Innovation System (NIS) which has been steadily in decline for some time. As outlined in the Prime Ministers statement, Australia has many world class…
The promotion company behind the cancelled Echo Festival in Auckland has gone into liquidation, and those waiting for ticket refunds still have no assurance they will get their money back anytime soon. A message posted on the Echo Festival NZ Facebook page this afternoon said the festival’s promoting company had been placed into liquidation. “After…
MARTY SHARPE Frimley Estate, on the northern edge of Hastings. The development is not complete, and has not been a success for investors. An unsuccessful property development in Hastings has been put into liquidation with a judge saying those running the company appeared to be rewarding themselves rather than meeting obligations to creditors. Frimley Estate…